ASML (NASDAQ:ASML) Earns Buy Rating from UBS Group

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a research note issued to investors on Monday,MarketScreener reports.

Other analysts also recently issued research reports about the company. Bank Degroof downgraded ASML to a “hold” rating in a research note on Friday, October 10th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Barclays reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Morningstar downgraded shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Finally, New Street Research reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,076.33.

ASML Trading Down 1.6%

Shares of NASDAQ:ASML opened at $1,004.06 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $988.68 and its 200 day moving average price is $835.38. The company has a market cap of $394.88 billion, a PE ratio of 40.87, a P/E/G ratio of 1.76 and a beta of 1.88. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $5.28 earnings per share. Sell-side analysts anticipate that ASML will post 25.17 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Large investors have recently modified their holdings of the stock. Capital International Investors boosted its position in shares of ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in ASML during the first quarter valued at about $360,262,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ASML in the third quarter worth about $505,510,000. Regents of The University of California purchased a new position in shares of ASML in the third quarter worth approximately $413,335,000. Finally, WCM Investment Management LLC raised its holdings in shares of ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after acquiring an additional 385,502 shares during the period. 26.07% of the stock is owned by institutional investors.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.